כניסה

Violations of the Joint Investment Trust Law
Violations under the Joint Investment Trust Law are defined in order to protect investors in mutual funds. Mutual funds are one of the major investment vehicles in the financial market, and offer a service that requires special knowledge and expertise. Mutual fund managers possess information that is not in the public domain and as a result, lay investors are dependent on mutual fund managers’ fidelity. The provisions of the Joint Investment Trust Law are used by the ISA to assess the qualifications and the integrity of the operations of entities or individuals who influence the investor public through mutual funds, either directly or indirectly, and to investigate the statutory offenses related to such violations.
 
 Example of violation of the Joint Investment Trust Law:
 
Prohibition on receiving gifts: The controlling shareholder of a mutual fund that controls millions of shekels contacts a financial market player and proposes that the mutual fund will purchase from the player certain securities that the player wishes to dispose of, if the player pays him NIS 100,000. ​
22 Kanfei Nesharim St., Jerusalem 95464. Tel: 02-6556555, Fax: 02-6513646
|
|
|
|
|
|
Developed by
All rights reserved to the ISA ©